Thursday, April 30, 2009

FKLI : morning gossip

DJ +170/+2% after the Federal Reserve held interest rates steady, as expected, but issued a slightly more upbeat economic outlook.

DJ futs +6. NK +291/+3.4%. Kos +2%

Our mkts is seen moving one range higher to 970-980 for the start and a strong possibility to revisit 990.

Will the market reverse this week negative perfomance so far to a more neutral stance, above 980 by end of the day? I do not forsee the mkt turning bullihs today on the daily chart.

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